Five9's Rapid Growth Is Accelerating

Cloud-based contact center specialist Five9 (NASDAQ: FIVN) has been well positioned in 2020 as companies look for ways to better connect with customers virtually. "With the acceleration in digital transformation the contact center has emerged as the new front door for many businesses," said Five9 CEO Rowan Trollope in a statement to The Motley Fool. 

While Five9 demonstrated in its second quarter that it was taking advantage of invigorated interest in cloud-based contact center adoption amid the peak of coronavirus-related lockdown orders, the company's strengths were highlighted even more in Q3. Revenue growth accelerated significantly during the period, with the software-as-a-service company reporting record year-over-year and sequential revenue growth rates.

Here's a closer look at Five9's strong third quarter.

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Source Fool.com